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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $149.68
- 4 Days on Market
- MLS # : O5918348
- Updated Date : 01/22/2021 at 19:20
CONSTRUCTION
- Beds : 3
- Floor Size : 1,904 sqft
- Baths : 2 full
Listing Agent
Florida Realty Investments
Listing Agent's Description
This open concept home in East Orlando is centrally located minutes from the Orlando International Airport, Route 417, Valencia State College, University of Central Florida, shopping, restaurants and more. Updates include newer roof, water heater, and repiped (all in 2017), new electrical panel (2020), and double pane windows. The kitchen with granite countertops, updated appliances and island is open to the family room and dining area. The master suite of this split floorplan home includes a large walk-in shower with updated tile and a walk-in closet. The bay windows provide the bonus room/Florida Room with plenty of light. There is a separate living room which could be used as an office or made into a bedroom. The fenced back yard includes a paver path, mature landscaping, a putting/chipping green and large covered deck and backs onto county property so no rear neighbors. NO HOA. More photos to be added soon!
SEE MORE
- Orlando metro's economy is worth $141 billion in Gross Metro Product and projected to grow to $149 billion in 2019 (USMayors.org, 2018)
- Together Walt Disney World Resort and Universal Orlando Resort employ 96,000 people and drive tourism (Orlando Economic Partnership)
- Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 2018)
- Orlando metro contributes to 13.8% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
- Orlando metro has 64.8% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
- Orlando ranks 7th in U.S. for economic growth (Milken Instutute/ Orlando Sentinel, 2018)
- Major employers in Orlando market: Walt Disney World Resort; Advent Health; Universal Orlando Resort; Orange County Public Schools; University of Central Florida; Lockheed Martin; and Darden Restaurants.
- Space coast area has attracted $1.4 billion in capital investments over the past 6-years and generated 1,800 new jobs in 2017 (WSJ, 2017)
- Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Orlando inherits the same rank being part of Florida.
PRICE & RENT TRENDS
Neighborhood: Chickasaw Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chickasaw Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,690 |
EXPENSES | Loan Payment | -$990 |
Property Tax | -$324 | |
Property Insurance | -$150 | |
Property Management Fees | -$129 | |
CASH FLOW
$97
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$285,000
PROJECTED PRICE
$1,690
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.21% |
Appreciation Year (1-5) | 7.9% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.01% |
Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$81,275
LOAN DETAILS
$990
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $71,250 |
Loan Amount | $213,750 |
6.67
YEARS SAVED
$22,754
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,690
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,690
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.407.415.8006
Florida Realty Investments
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5918348
Last Updated: 01/22/2021